XRP Sees Increased Investor Interest
4th largest Cryptocurrency exchange XRP keeps up to attract investors interest in the Crypto market.
This comes after XRP’s partial victory against the U.S Securities and exchange commission.
Digital assets market data provider Kaiko’s data indicated that XRP futures trade’s open interest ratio remains above average on substantial exchanges.
The ratio of volume to open interest is used to gauge trade activity on significant exchanges. When the interest metric is high, it indicates speculative interest because there are more buyers and sellers eager to trade the token. A reasonable volume-to-open interest ratio may be a useful indication for observers to trade in such a coin.
According to data from CoinMarketCap, XRP is in the green, increasing the price of its coin by 2.23%. This outstanding performance continues a trend of consistent success following the court rulings in the SEC-Ripple action.
(With inputs from Shikha Singh)
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